What is Xiaoyi blockchain and how to trade Xiaoyi blockchain?

The characteristics of Xiaoyi blockchain include: 1. Technology integration, combining multiple technologies to manage smart assets; 2. Dual token mechanism, using NEO and GAS; 3. Digital certificates to solve trust problems; 4. Original dBFT consensus algorithm; 5. Cross-chain interoperability protocol. The steps to conduct transactions on the Xiaoyi blockchain are: 1. Create an account, 2. Get digital currency, 3. Select a trading pair, 4. Place an order, 5. Confirm the transaction, 6. View assets.

Xiaoyi Blockchain is now commonly known as NEO, and is a non-profit community-based blockchain project. It was officially launched in 2014 and was open sourced in real time on GitHub in June 2015. It is a distributed network that uses blockchain technology and digital identity to digitize assets and uses smart contracts to automatically manage digital assets to realize the "smart economy".

The following are its characteristics:

• Technology integration : Combining a series of technologies such as point-to-point networks, Byzantine fault tolerance, digital certificates, smart contracts, superconducting transactions, cross-chain interoperability protocols, can quickly, efficiently, safely and legally manage smart assets.
• Dual token mechanism : implements dual token mechanisms of NEO and GAS. NEO is similar to shares, with holders having subscription rights, dividend rights and management voting rights, etc.; GAS is the fuel on the Xiaoyi blockchain, used to pay for smart contract execution and other fees.
• Digital certificates solve the trust problem : digital certificates can legally and compliantly issue assets on the blockchain and enjoy legal protection.
• Original dBFT consensus algorithm : Consensus nodes are reached through the Byzantine fault tolerance algorithm to ensure the finality of transactions, which can ensure that when less than one-third of nodes experience Byzantine failure, the system still has finality and availability.
• Cross-chain interoperability protocol : It includes cross-chain asset exchange protocol and cross-chain distributed transaction protocol, which can realize atomic asset exchange between multiple blockchains, and can also jointly execute smart contracts on multiple blockchains and ensure transaction consistency.

Transactions on the Xiaoyi blockchain usually have the following steps:

1. Create an account : Open an account on platforms that support Xiaoyi blockchain asset trading (such as digital currency trading platforms such as Binance and Huobi), and complete relevant processes such as real-name authentication.
2. Obtain digital currency : If the platform supports fiat currency recharge, the fiat currency can be exchanged into the digital currency supported by the platform, such as Bitcoin, Ethereum, etc. If the platform does not support fiat currency recharge, you must first purchase Bitcoin, Ethereum, etc. from other platforms with fiat currency transactions, and then transfer to a platform that supports small ant currency transactions.
3. Select a trading pair : Find trading pairs related to Xiaoyi blockchain on the trading platform, such as NEO/Bitcoin, NEO/Ethereum or NEO/USDT, etc.
4. Order transaction : Enter the quantity and price of NEO to be purchased or sold according to the market conditions and your own needs, and place a transaction order. If it is a purchase, make sure that there are enough other digital currencies in the account to be used for payment; if it is a sale, make sure that there are enough NEO in the account to be available for sale.
5. Confirm transaction : After checking the transaction information, confirm submitting the transaction order. The trading platform will send the order to the blockchain network for processing, waiting for the blockchain network to confirm the transaction.
6. View Assets : After the transaction is confirmed, you can view the number of NEO assets you hold and related transaction records in the trading platform's account. If you want to store NEO more securely, you can also transfer it to your own digital storage.

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